MahaRERA asks Conoor builder to pay buyer Rs 60 lakh for del

MahaRERA asks Conoor builder to pay buyer Rs 60 lakh for delay
BySanjeev DevasiaSanjeev Devasia / Updated: Jan 9, 2021, 09:44 IST
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MUMBAI: MahaRERA in a recent order directed Conoor Builders to pay the owner of a flat in its Gateway project at
Andheri west interest at marginal cost lending rate of SBI plus 2% for a nearly three-year delay in
possession. The flat buyer’s lawyers pegged the amount at around Rs 60 lakh.
MahaRERA member, Vijay Satbir Singh, in his order has also stated the
builder cannot shift its statutory liability to the
land owner as there is no privity of contract between the complainant and the land owner since it is not party to the registered sale agreement executed between the complainant and the respondent.

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